Maritime Resources Correlations

MRTMF Stock

USD 0.06 0.01 13.21%

The correlation of Maritime Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Maritime Resources Correlation With Market

Significant diversification

The correlation between Maritime Resources Corp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maritime Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Maritime Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maritime Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Maritime Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Maritime Resources Corp to buy it.

Moving together with Maritime Pink Sheet

0.7	NEM	Newmont Goldcorp Corp	Pair Corr
0.76	AEM	Agnico Eagle Mines	Pair Corr
0.78	AU	AngloGold Ashanti plc	Pair Corr
0.65	BBD	Banco Bradesco SA Aggressive Push	Pair Corr
0.64	MPW	Medical Properties Trust	Pair Corr
0.62	UBER	Uber Technologies	Pair Corr
0.61	RSLBF	RaySearch Laboratories	Pair Corr
0.72	LH	Laboratory	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr

Moving against Maritime Pink Sheet

0.61	TLRY	Tilray Inc	Pair Corr
0.54	PLUG	Plug Power	Pair Corr
0.49	RIVN	Rivian Automotive	Pair Corr
0.43	NVDA	NVIDIA Aggressive Push	Pair Corr
0.53	MSFT	Microsoft	Pair Corr
0.52	AA	Alcoa Corp	Pair Corr
0.46	MRK	Merck Company Sell-off Trend	Pair Corr
0.38	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	STPGF	CRDOF	AIRRF	TLRS	SRMMF	RUPRF	ABMBF	ROVMF	RSRBF	ORFDF
STPGF		0.05	0.45	0.0	-0.05	0.82	0.46	0.19	0.02	-0.11	STPGF
CRDOF	0.05		0.18	0.0	-0.42	0.15	-0.06	0.33	0.35	-0.53	CRDOF
AIRRF	0.45	0.18		0.0	-0.5	0.41	-0.02	-0.07	0.38	-0.28	AIRRF
TLRS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TLRS
SRMMF	-0.05	-0.42	-0.5	0.0		-0.09	0.2	0.06	-0.59	0.74	SRMMF
RUPRF	0.82	0.15	0.41	0.0	-0.09		0.52	0.44	0.01	-0.25	RUPRF
ABMBF	0.46	-0.06	-0.02	0.0	0.2	0.52		0.26	-0.01	-0.1	ABMBF
ROVMF	0.19	0.33	-0.07	0.0	0.06	0.44	0.26		-0.13	-0.07	ROVMF
RSRBF	0.02	0.35	0.38	0.0	-0.59	0.01	-0.01	-0.13		-0.55	RSRBF
ORFDF	-0.11	-0.53	-0.28	0.0	0.74	-0.25	-0.1	-0.07	-0.55		ORFDF
	STPGF	CRDOF	AIRRF	TLRS	SRMMF	RUPRF	ABMBF	ROVMF	RSRBF	ORFDF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RUPRF	+ 0.82	STPGF
ORFDF	+ 0.74	SRMMF
ABMBF	+ 0.52	RUPRF
ABMBF	+ 0.46	STPGF
AIRRF	+ 0.45	STPGF
ROVMF	+ 0.44	RUPRF

High negative correlations

RSRBF	- 0.59	SRMMF
ORFDF	- 0.55	RSRBF
ORFDF	- 0.53	CRDOF
SRMMF	- 0.5	AIRRF
SRMMF	- 0.42	CRDOF
ORFDF	- 0.28	AIRRF

Risk-Adjusted Indicators

There is a big difference between Maritime Pink Sheet performing well and Maritime Resources Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Maritime Resources' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
STPGF	3.03	0.37	0.08	0.43	3.61	(3.76)	6.67	(6.67)	20.66
CRDOF	3.80	0.48	0.11	(0.78)	3.67	(6.83)	11.11	(6.67)	32.54
AIRRF	2.19	0.11	0.05	0.23	2.37	(3.88)	6.25	(4.55)	19.75
TLRS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SRMMF	3.54	(1.53)	0.00	(1.88)	0.00	0.00	0.00	(5.66)	109.70
RUPRF	1.95	0.17	0.10	0.33	1.88	(2.93)	5.08	(4.03)	17.26
ABMBF	3.95	0.68	0.00	(1.28)	0.00	0.00	33.33	(8.50)	58.33
ROVMF	9.55	1.17	0.05	(1.12)	11.59	(29.94)	32.08	(32.26)	133.98
RSRBF	2.04	0.28	0.08	(0.67)	2.40	(4.55)	5.95	(4.89)	19.55
ORFDF	3.17	(0.31)	0.00	(1.29)	0.00	0.00	7.02	(8.14)	24.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Maritime Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Maritime Resources Corporate Management

CMA CPA	VP CFO	Profile
Tania CPIR	Head Relations	Profile
Catherine DiVito	Ma Relations	Profile
BE BASc	CEO Pres	Profile
Jeremy PGeo	Technical Exploration	Profile

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